Secure Energy Services (SES) Given New C$10.50 Price Target at CIBC

Secure Energy Services (TSE:SES) had its price objective cut by CIBC from C$13.00 to C$10.50 in a report published on Tuesday morning.

Separately, Raymond James boosted their price target on Secure Energy Services from C$12.75 to C$14.50 in a research note on Thursday, August 2nd.

TSE:SES opened at C$7.99 on Tuesday. Secure Energy Services has a one year low of C$6.98 and a one year high of C$9.82.

Secure Energy Services (TSE:SES) last released its quarterly earnings results on Wednesday, August 1st. The company reported C($0.04) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C($0.04). Secure Energy Services had a negative return on equity of 0.08% and a negative net margin of 0.03%. The business had revenue of C$719.92 million for the quarter, compared to analysts’ expectations of C$711.77 million.

The firm also recently declared a monthly dividend, which was paid on Monday, October 15th. Investors of record on Monday, October 15th were paid a $0.0225 dividend. This represents a $0.27 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Friday, September 28th.

About Secure Energy Services

Secure Energy Services Inc provides integrated and specialized services to upstream oil and natural gas companies operating in the Western and the United States. The company's Processing, Recovery and Disposal division owns and operates midstream infrastructure that provides services, such as storing, shipping, clean oil terminalling, rail transloading, marketing of oil, treatment, oilfield waste processing, landfill disposal, and produced and waste water disposal, as well as the purchase and resale of oil.

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